PARKE BANCORP INC (PKBK) Stock Technical Analysis
NASDAQ:PKBK - Nasdaq - US7008851062 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PKBK. PKBK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: PKBK has an average volume of 20879 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PKBK has a been trading in the 18.78 - 20.75 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that PKBK is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PKBK is an average performer in the Banks industry, it outperforms 63% of 395 stocks in the same industry.
PKBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PKBK is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PKBK has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.48
20.89
We found 3 important support areas.
- A support zone ranging from 18.94 to 19.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.00 from a trend line in the weekly time frame.
- Support @15.64 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PKBK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKBK is up. |
| ChartMill Relative Strength | 75.91 | POSITIVE | PKBK has a high relative strength, it outperformed 75.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PKBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PKBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PKBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.09 | NEUTRAL | The RSI value for PKBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PKBK has a positive trend. |
| Stochastics (14,3) | 87.17 | OVERBOUGHT | The high Stochastics value suggests PKBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for PKBK suggests some volalility. |
| Average Directional Index/ADX (14) | 21.56 | NEUTRAL | The ADX value for PKBK suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.68
+0.64 (+3.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.19%
1 Week8.56%
2 Weeks5.4%
1 Month5.89%
3 Month9.24%
6 Month0%
12 Month18.85%
2 Year21.72%
3 Year-1.34%
5 Year52.62%
10 Year77.3%
15 Year145.66%
Volatility
ATR(14)0.48
ATR(20)%2.13%
ATR Inc16.49%
Range Today0.59
ADR(20)0.42
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.91
Mansfield-0.24
10 Day High20.75
10 Day Low18.78
20 Day High20.75
20 Day Low18.78
52 Week High24.29
52 Week Low15.44
CS1 End19.61
CR1 StartN/A
Volume & EV
DER(3)0.03%
DER(5)0.81%
Volume12.30K
Volume Incr61.69%
Vol(5)29.23K
Vol(50)20.88K